India Records Current Account Surplus, First In 10 Qtrs

2024 • 3min • News • Business


Published On: June 25, 2024 - India's current account recorded a surplus of $5.7 billion, or 0.6% of the GDP during the March quarter, compared with a deficit of $8.7 billion, or 1% of GDP in the previous quarter due to higher services exports. The current account deficit, or CAD, which is the difference between exports and imports of both goods and services, narrowed to $1.3 billion or 0.2% of GDP in the year-ago quarter.